FTFT vs NEGG: Correlation
Measured on weekly returns over the past three years, Future FinTech Group Inc. (FTFT) and Newegg Commerce, Inc. (NEGG) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTFT and NEGG?
On 3 years of weekly data the FTFT/NEGG correlation comes out at 0.50, moderate. The past 12 months show a weaker link (-0.09) than the 3-year average (0.50). The 5-year figure is 0.48, and annualized covariance runs at 14168.1 %².
Within FTFT's tracked universe of 19 assets, NEGG comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NEGG outperformed by 27.4 percentage points (-98.4% for FTFT against -71.0% for NEGG).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
FTFT vs NEGG: side by side
| FTFT (Future FinTech Group Inc.) | NEGG (Newegg Commerce, Inc.) | |
|---|---|---|
| 1-year return | -98.4% | -71.0% |
| 5-year return | -100.0% | -95.1% |
| Volatility (ann.) | 154.7% | 184.2% |
| Beta vs S&P 500 | 0.87 | 2.34 |
| Max drawdown (3Y) | -99.8% | -90.3% |
| Market cap | – | $0.4B |
| P/E (trailing) | 0.0 | 68.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTFT | NEGG |
|---|---|---|
| 2022 | -72.2% | -87.4% |
| 2023 | -1.1% | -3.8% |
| 2024 | -83.1% | -68.3% |
| 2025 | -75.2% | +534.5% |
| 2026 | -95.3% | -65.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTFT and NEGG good diversifiers for each other?
Only partially. A correlation of 0.50 means FTFT and NEGG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FTFT and NEGG?
The FTFT/NEGG correlation stands at 0.50 on a 3-year window (1 year: -0.09, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is NEGG a good diversifier for FTFT?
Only partially. A correlation of 0.50 means FTFT and NEGG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ftft-vs-negg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ftft-vs-negg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FTFT correlations · NEGG correlations
